20,258 Shares in Revolve Group, Inc. $RVLV Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC has acquired 20,258 shares of Revolve Group, Inc. (NYSE:RVLV), valued at approximately $406,000, marking a notable investment in the company.
• Revolve Group reported $308.97 million in revenue for the recent quarter, exceeding analyst expectations, with earnings per share of $0.14, beating the consensus estimate of $0.12.
• Analysts have raised Revolve Group's target price, with Piper Sandler setting it at $25.00, indicating a positive outlook amid a current average rating of "Moderate Buy."

Callan Family Office LLC purchased a new position in shares of Revolve Group, Inc. (NYSE:RVLV - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,258 shares of the company's stock, valued at approximately $406,000.

A number of other hedge funds have also bought and sold shares of RVLV. Millennium Management LLC lifted its holdings in Revolve Group by 6,190.7% during the first quarter. Millennium Management LLC now owns 986,693 shares of the company's stock worth $21,204,000 after acquiring an additional 1,002,893 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in Revolve Group by 27.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,363,896 shares of the company's stock worth $50,800,000 after acquiring an additional 506,225 shares during the period. Raymond James Financial Inc. lifted its holdings in Revolve Group by 4,131.2% during the first quarter. Raymond James Financial Inc. now owns 421,043 shares of the company's stock worth $9,048,000 after acquiring an additional 411,092 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Revolve Group in the first quarter valued at $5,246,000. Finally, Algert Global LLC raised its stake in shares of Revolve Group by 42.3% in the first quarter. Algert Global LLC now owns 431,491 shares of the company's stock valued at $9,273,000 after buying an additional 128,202 shares during the period. 67.60% of the stock is currently owned by institutional investors.

Revolve Group Stock Down 1.6%

Revolve Group stock opened at $21.16 on Thursday. Revolve Group, Inc. has a 52 week low of $16.80 and a 52 week high of $39.58. The business has a 50-day simple moving average of $22.08 and a 200 day simple moving average of $21.05. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.34 and a beta of 1.88.

Revolve Group (NYSE:RVLV - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Revolve Group had a return on equity of 10.17% and a net margin of 3.83%.The business had revenue of $308.97 million during the quarter, compared to analysts' expectations of $297.91 million. During the same period in the previous year, the business earned $0.21 earnings per share. The firm's revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Revolve Group, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler boosted their target price on Revolve Group from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. UBS Group restated a "neutral" rating and issued a $22.00 target price (up from $19.00) on shares of Revolve Group in a research note on Friday, July 25th. Raymond James Financial boosted their target price on Revolve Group from $21.00 to $25.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Revolve Group in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Revolve Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.40.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.

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